Diversity In ClimateTech is powered by Chloe Capital and Cornell University; and support by the NYS Energy, Research & Development Authority (NYSERDA)
[RELEASE] September 22, 2021 - Calgary, Alberta, Canada - Madison Savilow, founder of Expedition Air has been selected as one of five finalists in a new Diversity In ClimateTech program for underrepresented founders tackling our world’s most pressing climate crisis.
Diversity In ClimateTech is powered by Chloe Capital and Cornell University, and supported by the NYS Energy Research & Development Authority (NYSERDA) to recruit, educate, inspire and support the growth of companies led by Black, Indigenous, and People of Color (BIPOC) and women founders on the forefront of clean energy innovations.
Expedition Air was founded on the idea that every product consumers interact with should enable a low carbon future. A spin-out from NRG COSIA Carbon XPRIZE X-Factor Winner, Carbon Upcycling Technologies, Expedition Air produces advanced solid additives derived from greenhouse emissions and cheaply available solids for use in the consumer products industry.
“I’ve been following Expedition Air and the leadership team at Carbon Upcycling for a while now,” said Elisa Miller-Out, co-founder and managing partner at Chloe Capital. “One of the best parts of my job is witnessing the innovation that spawns from intelligent people, with creative ideas that have an actual impact on our world.”
Madison Savilow is founder of Expedition Air. She started her career in carbon tech as the Chief of Staff at Carbon Upcycling Technologies and competed in the NRG COSIA Carbon XPRIZE. In 2019, Madison started creating consumer products from captured carbon materials and later founded Expedition Air. She spoke at TEDxYouth@VictoriaPark on the importance of maintaining hope during the climate crisis and is the Curator for Calgary Hub of the World Economic Forum's Global Shapers.
“Each consumer product made by Expedition Air acts as a carbon sink and, since 2019, the company has had over 25 product development collaborations,” said Savilow. “One of the many reasons we started Expedition Air was to demystify carbontech for the average consumer. We’re now working with large consumer brands to integrate our captured carbon materials into their existing supply chains.”
Diversity In ClimateTech is designed to support the capitalization efforts of diverse entrepreneurs. Finalists for this program were selected from over 300 applicants from around the world. Only five applicants were selected to participate in the program. At least one founder will receive a Chloe Capital investment of up to $250,000.
The other founders selected for the program include: Dorrit Lowsen, President & Co-Founder, Change Finance, Alexandria, VA; Lisa Altieri, Founder & CEO, BrightAction, Palo Alto, CA; Martha Montoya, Founder & CEO, Agtools Inc., Irvine, CA; and SaLisa Berrien; Founder & CEO, COI Energy, Tampa, FL / Binghamton, NY / Brooklyn, NY.
“Each of these women will now travel from across the country to join Chloe Capital, and our partners at Cornell University and NYSERDA for a 48-hour fundraising experience,” said Myneco Ramirez, Chloe Capital’s Chief Experience Officer. In addition to Chloe Capital making an investment in at least one high-growth, women-led climate tech company, the program will open the door to the firm’s global network of investors, corporate clients and non dilutive capital.”
Chloe Capital is a venture capital firm that invests with a diversity and inclusion lens. The firm also partners with universities, foundations and corporations to host programs that catalyze fundraising efforts for underrepresented founders. On average, program participants raise $1.5MM in funding. This community approach to early-stage investing is what makes Chloe Capital so unique, and why the firm is being recognized as a global Movement to Invest In Women.
Members of the Movement who are participating in the Diversity In ClimateTech program include top-notch investors from Armory Square Ventures, Include Venture Partners, The New York Angels, Aligned Climate Capital and Clean Energy Ventures. Each will be on hand to explore investments. GRAMMY award-winning singer-songwriter and Native American, Joanne Shenandoah, will also share a special musical performance, and New York Times best-selling author, journalist, and women's-advocacy leader Gretchen Carlson will share more about Lift Our Voices, a non-profit she co-founded with a mission to expose the struggles of female harassment victims.
Diversity In ClimateTech will be broadcasted on Wednesday, October 27, 2021 at 4 p.m. ET featuring founder pitches, investor feedback, and the announcement of Chloe Captial’s $250,000 investment winner. Register for free > diversityinclimatetechshow.eventbrite.com
Partner, Chloe Capital
Founder, Expedition Air
About Chloe Capital
Chloe Capital is a venture capital firm that invests in women-led technology companies. In addition to investing with a gender and diversity lens, Chloe Capital partners with universities, foundations and corporations to host programs that help catalyze fundraising efforts for underrepresented founders. This collaborative approach to early-stage investing is what makes the firm so unique. More than 15,000 people around the world have already joined Chloe Capital’s Movement to #InvestInWomen. ChloeCapital.com
About Expedition Air
Expedition Air was founded on the idea that every product consumers interact with should enable a low carbon future. A spin-out from NRG COSIA Carbon XPRIZE X-Factor Winner, Carbon Upcycling Technologies, Expedition Air produces advanced solid additives derived from greenhouse emissions and cheaply available solids for use in the consumer products industry. The advanced additives offer performance benefits as well as reduce the carbon impact of materials. Expedition Air has been featured in The New York Times, The Guardian,CBC News, and BNN Bloomberg within a few months of launching the brand. Expedition Air products can also be found in the Science Museum in London, UK. ExpeditionAir.today